Schilling to sell 'bloody sock' to pay debts

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38 Studios founder to auction off sock made legend by 2004 world series to pay developer's debts

The "bloody sock" worn by 38 Studios founder and Red Socks pitcher Curt Schilling in the 2004 World Series will be auctioned off to help cover the debts owed by the game studio to the state of Rhode Island.

Last year the company defaulted on a $75 million loan offered as incentive to relocate from Massachusetts to neighboring Rhode Island after the release of its first title Kingdoms of Amalur.

The Associated Press writes that the sock is expected to sell for at least $100,000.

Schilling sent two socks into baseball legend by pitching with an injured ankle against the New York Yankees. The sock on auction is from game two, while theother sock, from game six, is said to have been discarded in the trash.

Bidding will begin on Feb. 4th with live bidding to take place Feb. 23rd.

Schilling, who personally invested $50 million in 38 Studios, is being sued by Rhode Island.

A federal investigation let Schilling and other actors in the loan off the hook, but the state has leveled 17 counts of charges of fraud, unjust enrichment, civil conspiracy, breach of implied covenant of good faith and fair dealing, negligence, legal malpractice, negligent misrepresentation, fraudulent misrepresentations and omissions, and breach of fiduciary duty.